HB Wealth Management LLC Makes New Investment in SPDR S&P Aerospace & Defense ETF $XAR

HB Wealth Management LLC purchased a new position in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,564 shares of the company’s stock, valued at approximately $330,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. LPL Financial LLC increased its stake in shares of SPDR S&P Aerospace & Defense ETF by 1.0% during the first quarter. LPL Financial LLC now owns 1,202,709 shares of the company’s stock worth $193,263,000 after buying an additional 12,045 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of SPDR S&P Aerospace & Defense ETF by 247.5% during the first quarter. Envestnet Asset Management Inc. now owns 225,642 shares of the company’s stock worth $36,258,000 after buying an additional 160,704 shares during the period. Howard Capital Management Group LLC increased its stake in shares of SPDR S&P Aerospace & Defense ETF by 0.7% during the second quarter. Howard Capital Management Group LLC now owns 188,672 shares of the company’s stock worth $39,798,000 after buying an additional 1,301 shares during the period. Raymond James Financial Inc. increased its stake in shares of SPDR S&P Aerospace & Defense ETF by 26.0% during the first quarter. Raymond James Financial Inc. now owns 168,110 shares of the company’s stock worth $27,014,000 after buying an additional 34,722 shares during the period. Finally, Affinity Wealth Management LLC purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF during the second quarter worth approximately $33,947,000.

SPDR S&P Aerospace & Defense ETF Stock Performance

XAR stock opened at $247.03 on Tuesday. The company’s 50 day moving average price is $221.35 and its 200 day moving average price is $198.91. SPDR S&P Aerospace & Defense ETF has a fifty-two week low of $137.09 and a fifty-two week high of $247.17. The firm has a market capitalization of $4.62 billion, a price-to-earnings ratio of 35.83 and a beta of 1.09.

SPDR S&P Aerospace & Defense ETF Company Profile

The SPDR S&P Aerospace & Defense ETF (XAR) is an exchange-traded fund that mostly invests in industrials equity. The fund tracks an equal-weighted index of US aerospace & defense companies. XAR was launched on Sep 28, 2011 and is managed by State Street.